SWAR definition
Examples of SWAR in a sentence
The ES Trust shall hold the SW-A-R Interest, the MR-A-R Interest, all Master REMIC regular interests and shall issue the Certificates.
The Subsidiary REMIC will hold as assets the several classes of uncertificated Swap-IO REMIC Interests (other than the SW-A-R Interest).
The Strip REMIC will hold as assets the several classes of uncertificated Sub-WAC REMIC Interests (other than the SW-A-R Interest).
For federal income tax purposes, each Sub-WAC REMIC Interest, Strip REMIC Interest and Master REMIC Interest (except the SW-A-R Interest, the SR-A-R Interest and the A-R Interest) is hereby designated as a regular interest in its issuing REMIC.
The Class A-R Certificate will represent ownership of the SW-A-R Interest and the MR-A-R Interest, which are, respectively, the sole Classes of REMIC residual interest in each of the Sub WAC REMIC and the Master REMIC.
The Class SW-A-R Interest is hereby designated as the residual interest in the SW REMIC and each other SW REMIC Interest is hereby designated as a regular interest in the SW REMIC.
For federal income tax purposes, each Swap-IO REMIC, Subsidiary REMIC Interest and Master REMIC Interest (except the SW-A-R Interest, SR-A-R Interest and the A-R Interest) is hereby designated as a regular interest in its issuing REMIC.
The SW-A-R Interest is designated as the sole Class of REMIC residual interest in the Swap-IO REMIC.
The uncertificated Swap-IO REMIC Interests (other than the Class SW-A-R Interest) are designated as REMIC regular interests in the Swap-IO REMIC.
The Strip REMIC will hold as assets the several classes of uncertificated Sub-WAC REMIC Interests (other than the Class SW-A-R Interest).